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<br />Excerpt. From Internal Revenue Code
<br />Sec, 6321. Lien For Taxes,
<br />
<br />If any perl on liable 10 pay any tax neglecls or refuses 10
<br />.Ilay Ihe earn, a"" demand, Iho amount (Including any inter.
<br />III, additional amount, addition to tax, or assessable paoalty,
<br />togather with any cOlta that mly accrue In eddltlon therlto)
<br />Ihall be allln In favor of thl Unltld States upon all property
<br />and rlghtl to property, whether rea! or personal. belonging
<br />to luch plrlon.
<br />
<br />Sec. 6322. Period Of Lien,
<br />
<br />Un lass another date Is sp~iflcally fixed by law. the lien
<br />Imposad by section 6321 shall arise at the lime the assessment
<br />Is made and shall continue until the liability for the amount so
<br />assessed (or a judgment against the taxpayer arising out of
<br />euch liability) Is satisfied or becomes unenforceable by roason
<br />of lapse of time.
<br />
<br />Sec. 6323, Validity and Priority Against
<br />Certain Persons.
<br />(a) Purchaser's, Holders Of Security In-
<br />tlmts, Mechanic's Llunol1, And Judgment
<br />Lien CreditoR, - The lien imposed by section 6321 shall
<br />not be valid al against any purchaser. holder of a security
<br />Interest, mechanic's lienor. or judgment lien creditor until notice
<br />thereof which mee~; the reQUIrements of subsection (I) has
<br />been filed by the Secretary,
<br />
<br />(I) Place For Filing Notice; Form,-
<br />
<br />(1) Place For Filing. The notice reterred to In sub-
<br />section (a) shall be flied'
<br />(A) Under State Laws
<br />(I) Real Property. In the case ot real property. in one
<br />office within the State (or !h. county, or other governmental
<br />subdlvl&lon), as designated by the laws of such Stale. In
<br />which tha property subject to the I,en IS Situated, and
<br />(ii) Personal Property In the case ot personal
<br />property. whether tangible or 'nlanglble. ,n one off,ce
<br />within the State lor the county " other govern menial
<br />subllivISlon). as deSignated by tne laws 01 'uch Stale
<br />in which the property subject to the lien IS Slluatet:l
<br />or
<br />iB) With Clerk Of Oistrlct Court. In the off'ce of the Clerk of
<br />the United States distr:cl court for the IJdlc1ai ClstrtCl ~r. W~I(1'1
<br />the property sublecl to lien lS sItuated wt,~:lever the State "',as
<br />not by law deSignated one olflce W~ICO meelS toe reQu',"'enIS of
<br />subparagraph (AI, or
<br />(Cl With Recorder Of Deeds 0: The O's!nct 01 COlvmr, 3 1'1
<br />the office of the Recorder ot DeeelS of the OlstflCI 0: COiumOld It
<br />the property subject to the lien '5 situated 'n l:e [; ::",C ::;'
<br />Columbia,
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<br />(2) Sltue Of Property Sublect To Lien. for purposes of
<br />paragraphs (1) and (41. propirty shall be deemed to be lituated.
<br />(A) Real Property. In the clle of rnl property, at itl
<br />physical location; or
<br />(B) Personal Property. In tha clle of perlonal prOplrty,
<br />whether tangible or Intangible, at the resldlncl of thl
<br />taxpayer et the tlm@ the notice of IIln Is filed.
<br />For purposls of paragraph (2) (B), the resldlnce of a corporation
<br />or partnership shall be deemld to be the place at which the
<br />principal executive office of the business is located, and the
<br />residence of a taxpayer whose residence is without the United
<br />States shall be deemed to be in the District Qf Columbia.
<br />(3) Form - Th@ form and content of the notice
<br />referred to in subsection (a) shall be prescribed by the
<br />Secretary, Such notice shall be valid notwithstandinp any
<br />other provision of law regarding the form or content of a
<br />notice of lien.
<br />
<br />Notll: See section 6323(b) for protection for
<br />certain interests even though notice of lien
<br />imposed by section 6321 is filed with respect
<br />to:
<br />
<br />1. SeCUrities
<br />2, Motor vehicles
<br />3. Personal proparty purchased at retail
<br />4, Personal proparty purchased in casual sale
<br />5, Personal property subjected to possessory lien
<br />6, Real property tax and speciai assessment liens
<br />7 Residential property subject to a mechanic's
<br />lien for certain rep2!rs and improvements
<br />6, Attorney's liens
<br />9. Certam insurance contracts
<br />10 Passbook loans
<br />
<br />tg} Reflllng Of Nollce. - For purposes of this
<br />sectIon -
<br />
<br />111 General Rule, - Uniess notice of lien is reflled In
<br />Ihe manner prescribed In paragraph 121 dUring the required
<br />rellllng period. suco no lice oll,en shall be treated as filed on the
<br />date on-whiCh 111S hied (In accordance with siJbsection If)) after
<br />Ihe eXpiration of such refllmg pertod
<br />
<br />:2' Place For Filing, - k nOI'ce 01 "en rellled
<br />C Jrln~ Itle reQUired rt:flling period shail De effective only -
<br />IAI 1'-
<br />III such notIce of lien IS reWed In the office In which the
<br />onor notice olllell was filed. and
<br />(,;\ In the case of real property thE fact 01 reljling IS
<br />entered and recorded p" an mdex 10 the extent r~ujfa~y._s--
<br />suDsectlon If, (4) and .
<br />'81 .r. any case ,n whlen. 90 daY'S Dr 'relie P' c: 10 the date
<br />of a rehhng 01 not:ee of ilen ,.;nC~~ 5...,tJ~arag: Jph {A). the
<br />
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<br />Slcretary received '....rllten Information (In the manner
<br />prescrlb1!d In regulations Issued by the Secretary)
<br />concerning a changlln the taxpayer'1 resl~ence, If a notice
<br />of such lien II also f11ld In accord!ncl with eubslctlon (I) In
<br />the State In which luch rl8ldence Is located.
<br />
<br />(3) Required Reflllng Period, - In the cm
<br />of any notice of lien, t~e term "rlQulred reflllng period" means.
<br />(A) the one.year period ending 30 days after the expiration
<br />of 6 years after the date of the assessment of the tax, and
<br />(B) the one-year period ending with the expiration of 6 years
<br />a"lr the cloil of Iha precadlng reQuired reflllng period for
<br />such notice of lien,
<br />
<br />Sec. 6325. Release Of Lien Or
<br />
<br />DiSCharge Of Property,
<br />
<br />(a) Release Of Lien, - Subject to such
<br />regulations as the Secretary may prescribe, the Secretary shall
<br />issue a certificate of ralease of any lien imposed with respect to
<br />any Internal revenue tax not later than 30 days after the day on
<br />which.
<br />(i) Liability Satislled or Unenforceable. The Secretary
<br />finds that the liability for the amount assessed. together with all
<br />interest in raspect thereof. has been fully satisfied or has
<br />become legally unenforceable: or
<br />(2) Bond Accepted. There is furnished to the Secretary and
<br />accepted by him a bond that IS conditioned upon the payment of
<br />the amount assessed. together with all Interest in respect
<br />thereof. within the time prescribed by law (Including any
<br />extansion of such time). and that Is in accordance with such
<br />reQuirements relating to terms. conditions. and form of the bond
<br />and sureties thereon. as may be specified by such regulations,
<br />
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation.
<br />Ik) Disclosure 01 Certain Returns and
<br />Return Information For Tax Adnllnlslrallon
<br />Purposes, -
<br />
<br />(2\ Dlsc,osure of amount 01 oJlstandlng lien -If a nottrc 01
<br />lien has been file::! pursuanllO ~ect!0;'l6323(!I. the amount of the
<br />outstandmg obilgallon secured t11 :'w,') 'ien may be dlsclosee 10
<br />any person who furnishes sallsfac!ory writlen evidence that he
<br />has a fight In the property subject to such lien or mtends to
<br />obtam a nght In SiJCh propertv
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